iShares Core U.S. REIT ETF (NYSEARCA:USRT – Get Free Report) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 332,322 shares, a drop of 21.8% from the February 26th total of 425,102 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 388,277 shares, the days-to-cover ratio is presently 0.9 days.
iShares Core U.S. REIT ETF Trading Up 1.3%
Shares of USRT stock traded up $0.75 on Tuesday, hitting $59.11. The stock had a trading volume of 895,386 shares, compared to its average volume of 477,915. iShares Core U.S. REIT ETF has a twelve month low of $48.47 and a twelve month high of $63.72. The company has a fifty day moving average price of $60.60 and a two-hundred day moving average price of $58.90. The firm has a market cap of $3.36 billion, a P/E ratio of 35.32 and a beta of 1.02.
Institutional Investors Weigh In On iShares Core U.S. REIT ETF
A number of hedge funds have recently modified their holdings of USRT. Root Financial Partners LLC bought a new stake in iShares Core U.S. REIT ETF during the 3rd quarter worth approximately $29,000. WealthShield Partners LLC acquired a new position in shares of iShares Core U.S. REIT ETF in the fourth quarter valued at approximately $29,000. CX Institutional increased its position in shares of iShares Core U.S. REIT ETF by 81.0% during the third quarter. CX Institutional now owns 608 shares of the company’s stock worth $36,000 after acquiring an additional 272 shares in the last quarter. Signaturefd LLC increased its position in shares of iShares Core U.S. REIT ETF by 143.7% during the fourth quarter. Signaturefd LLC now owns 641 shares of the company’s stock worth $37,000 after acquiring an additional 378 shares in the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of iShares Core U.S. REIT ETF during the fourth quarter worth $38,000.
About iShares Core U.S. REIT ETF
The iShares Core U.S. REIT ETF (USRT) is an exchange-traded fund that is based on the FTSE Nareit \u002F Equity REITs – INV index, a market-cap-weighted index of US-listed REITs USRT was launched on May 1, 2007 and is managed by BlackRock.
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